Fortrade Broker

Olymp Trade Review

Olymp Trade Logo

Olymp Trade is an online broker that opened in 2014, offering their clients a unique forex / options trading platform.

Olymp Trade is now owned by Saledo Global Ltd, (formerly Inlustris Ltd). They are located at: First St Vincent Bank Ltd Building, PO Box 1574, James Street, Kingstown, Saint Vincent and the Grenadines.

Contact phone number in South Africa is: +27 21 1003880, and their email address is: [email protected]. Official website is at: https://olymptrade.com.

For withdrawal issues or broker complaints, read this.

Olymp Trade Review

Olymp Trade Broker Review

Our extensive review of the brokers Olymp Trade shows, that they are operating a unique “fixed time” (binary options) trading platform. Getting started is very easy as you are automatically sent to their demo trading platform to test out the usability and interface.

Olymp Trade also offers classic Forex CFD trading to their offerings. Option trading is available on a variety of Forex pairs, shares, commodities and market index available for trading. Standard payouts are 80% with the exception of Bitcoin which is currently at 45% due to its erratic volatility.

As a global broker, their website is available in the following languages; Russian, Arabic, English, Bahasa, Indonesian, Portuguese, Spanish and Turkish. Minimum deposit amount is only $10 for a standard trading account. If you are interested in their VIP accounts which increases the payouts to 90%, then the minimum deposit jumps to $2,000.

Olymp Trade Binary Options Broker
Olymp Trade Binary Options Broker

Is Olymp Trade Regulated?

If you consider a Vanuatu a respectabe financial regulator then yes they are regulated.

Officially they are owned by: Aollikus Limited, company number: 40131, located at: 1276, Govant Building, Kumul Highway, Port Vila, Republic of Vanuatu. They are also owned by: Saledo Global LLC, First Floor, First St. Vincent Bank Ltd Building, P.O. Box 1574, James Street, Kingstown, St. Vincent & the Grenadines.

Partner companies are: Visepoint Limited No C 94716, registered at 54, Immakulata, Triq il-Mina ta’ Hompesch, ZABBAR ZBR 9016 and Matique Limited No HE 43318, registered at Loutrakiou, 5 Chara Venezia Building, 1st floor, office 101, Strovolos, 2027, Nicosia, Cyprus.

When the Scam Broker Investigator reviews an online broker to see if the broker is a scam or legitimate, we first check to see if they are licensed by ASIC Australia or the FCA in United Kingdom. The FCA United Kingdom warned investors about this broker on May 13, 2021, read here.

You can find the complete list of licensed Forex brokers listed here.

Compare Olymp Trade

Smart investors will compare at least 3 brokers before making a finally decision which broker to use. Look at the best broker list which is updated monthly, see here.

PepperStone is a very popular broker that is licensed in many countries including Australia, United Kingdom and Africa. They offer tight spreads, and a variety of trading platforms including MT5 and Trading View, see here.

If you are currently trading with Olymp Trade, please share your experience with other new investors in the comments below.